If the Money Prices of Resources Changes

question 164

Multiple Choice

If the money prices of resources changes

• A) the LAS curve shifts.
• B) the SAS curve shifts.
• C) the AD curve shifts.
• D) the macroeconomic equilibrium is unaffected.

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Definitions:

True-Experimental Design

True-experimental design is a type of experimental research methodology that involves the manipulation of variables, control of extraneous variables through random assignment, and the comparison between a control group and one or more experimental groups to determine causal relationships.

Cause and Effect

A relationship between two events where one event (the cause) directly results in the other event (the effect).

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Research aimed at solving practical problems rather than acquiring knowledge for knowledge's sake.

Operational Definitions

Clear, detailed descriptions of how variables are measured or defined within a study.